GM Investing $449M into Next-Generation Volt Plant

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General Motors is betting big on its next-generation Volt, with more electrified vehicles on the way.

The American automaker announced today that it will invest $449 million into its Detroit-Hamtramck Assembly Plant along with a battery assembly facility in the city in order to build the next-generation Volt and two future vehicles that haven’t been announced. The investment will include $384 million for new body shop tooling, equipment and additional plant upgrades, GM said in a statement.

The remaining $65 million will go towards the Brownstown Battery Assembly plant that will also help develop a next-generation lithium-ion battery and future battery systems. The $384 million is the largest single investment the automaker has made into the Detroit-Hamtramck factory since its opening in 1985. In the last five years, GM has invested over $1 billion into the factory.

“These investments will help the next-generation Chevrolet Volt build on its position as the leader in electrified propulsion,” said GM North American manufacturing vice president Gerald Johnson.